If the Council rescinds its vote Tuesday, the bond question would be removed from the May ballot.

“I was never comfortable with putting it on the May ballot, nor did I say I was going to put it on the May ballot,” said Mayor Jean Stothert.

Stothert said she supports the development but raised concerns over the financing plan.

"We need more information and more time to guarantee the taxpayers will be protected before we move ahead," Stothert said. “In the time since then, there is so much confusion, so much information and a lot of concern, and I feel like we need to just re-evaluate the whole thing.”

The proposed bonds would pay for infrastructure, including streets, sidewalks and sewers. Additionally, the developer has agreed to create and maintain a $4 million reserve fund to make the bond payments over the life of the bonds, if necessary.

The city said traffic and parking studies may not be complete before early ballots are available in three weeks.

The current financing plan includes tax increment financing, general obligation bonds and a 1.95% additional sales tax on products sold at Crossroads Village.

“They were looking at multiple ways to fund this project -- some allowed by state statute, some TIF. They were looking at some other items, too, some grants and other things,” Stothert said.

In a phone interview with KETV NewsWatch 7, developer Rod Yates said he's on board with the mayor's decision. He understands that a general obligation bond can be controversial, and he's looking at several other ways to find $50 million.

OMAHA'S OLDEST MALL IS ONCE AGAIN AT A CROSSROADS.. OVER MONEY. AND CONCERN FOR YOUR TAX DOLLARS. THE MAYOR WANTS MORE INFORMATION, AND THAT COULD PUT THE CITY'S BOND ISSUE IN LIMBO. 50 MILLION DOLLARS WILL BE ON THE LINE AT TOMORROW'S CITY COUNCIL MEETING. GOOD EVENING, I'M ADRIAN WHITSETT IN FOR ROB MCCARTNEY. I'M BRANDI PETERSEN. THE COUNCIL VOTED UNANIMOUSLY TO PUT THE BOND ON THE MAY BALLOT ... NOW THEY MAY REMOVE IT ALTOGETHER. KETV NEWSWATCH SEVEN'S MELISSA FRY JOINS US LIVE WITH THIS DEVELOPING STORY. AT THIS POINT, VOTERS WILL SEE TWO BIG BONDS IN MAY. 92 MILLION FOR IMPROVEMENTS AROUND THE CITY... AND ANOTHER á50 MILLION FOR IMPROVEMENTS AROUND áCROSSROADS. THE MAYOR SAYS THERE'S A LOT OF CONFUSION OVER ALL OF THIS... AND THAT MANY PEOPLE DON'T UNDERSTAND WHAT IT MEANS FOR áTHEM, FINANCIALLY. "CROSSROADS VILLAGE" PROMISES ONE OF A KIND STORES, WITH LUXURY LIVING AND OFFICE SPACE. AND OMAHA COULD SURE USE IT. BUT THE áDEVELOPER SAYS HE COULD USE SOME PUBLIC FUNDING...160 MILLION DOLLARS WORTH. SO ROD YATES - SEEN HERE IN A PREVIOUS INTERVIEW - SENT A PROPOSAL TO MAYOR JEAN STOTHERT.( Mayor Jean Stothert: so they were looking at multiple ways to fund this project - some allowed by state statute, some TIF, they were looking at some other items too, some grants and other things.) OTHER...BEING A 50 MILLION DOLLAR "GENERAL OBLIGATION BOND". SALES TAX COLLECTED áAT CROSSROADS WOULD, AMONG OTHER THINGS, IMPROVE STREETS AND SIDEWALKS AROUND 72ND AND DODGE. MAYOR STOTHERT SIGNED THE LETTER OF INTENT JANUARY 30TH. CROSSROADS VILLAGE WOULD QUALIFY FOR TAX INCENTIVES...AND WOULD áBACK THOSE BONDS...LEAVING TAXPAYERS OUT OF THE MIX.("but in the time since then there is so much confusion, so much information and a lot of concern - and i feel like we need to just re-evaluate the whole thing.) MONDAY - MAYOR STOTHERT ASKED CITY COUNCIL MEMBERS TO REVERSE THEIR DECISION TO PUT THE BOND ON THE MAY BALLOT. WE'VE LEARNED THEY áWILL LIKELY REMOVE THE BOND AT TUESDAY'S MEETING.( Mayor Stothert: I was never comfortable with putting it on the may ballot - nor did I say I was going to put it on the may ballot.) OVER THE PHONE - DEVELOPER ROD YATES TELLS ME THAT HE'S ON BOARD WITH THE MAYOR'S DECISION. YATES WENT ON TO TELL ME HE UNDERSTANDS THAT A GENERAL OBLIGATION BOND CAN BE CONTROVERSAL. AND THAT HE'S LOOKING AT SEVERAL OTHER WAYS TO FIND THAT 50 MILLION DOLLARS. MAYOR STOTHERT SAYS THE CITY NEEDS TO SEE RESULTS FROM MARKET AND FISCAL STUDIES ABOUT THE CROSSROADS PROJECT. SHE SAYS áANOTHER BOND COULD GO ON THE NOVEMBER BALLOT - OR ...IT COULD GO TO THE VOTERS SOONER, BY MAIL. AS FOR CROSSROADS - CONSTRUCTION IS áSTILL PLANNED FOR THIS SUMMER - WITH COMPLETION BY 2016. REPORTING LIVE MELISSA FRY, KETV NW7.

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